Business, 03.05.2021 18:20 tommyaberman
On February 1, 2020, Coronado Industries factored receivables with a carrying amount of $720000 to Sandhill Company. Sandhill Company assesses a finance charge of 4% of the receivables and retains 6% of the receivables. Relative to this transaction, you are to determine the amount of loss on sale to be reported in the income statement of Coronado Industries for February. Assume that Coronado factors the receivables on a with recourse basis. The recourse obligation has a fair value of $3500. The loss to be reported is $28800. $32300. $75500. $43200.
Answers: 1
Business, 22.06.2019 17:50
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Business, 22.06.2019 20:30
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Answers: 3
Business, 22.06.2019 22:00
Consider the labor market for heath care workers. because of the aging population in the united states, the output price for health care services has increased. holding all else equal, what effect does this have on the labor market for health care employees? a. the equilibrium wage increases and the equilibrium quantity of labor increases.b. the equilibrium wage increases and the equilibrium quantity of labor decreases.c. the equilibrium wage decreases and the equilibrium quantity of labor increases.d. the equilibrium wage decreases and the equilibrium quantity of labor decreases.
Answers: 2
Business, 23.06.2019 01:40
The petty cash fund has a current balance of $ 350, which is the established fund balance. based on activity in the fund, it is determined that the balance needs to be changed to $ 450. which journal entry is needed to make this change?
Answers: 3
On February 1, 2020, Coronado Industries factored receivables with a carrying amount of $720000 to S...
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